We successfully represented a Finnish development financier in multimillion-euro FAI arbitration proceedings against Indian construction companies as debtors, and also defended the arbitral award in set-aside proceedings up to the Supreme Court of Finland.
The arbitration arose from a cross-border loan agreement involving Indian companies as debtors. The arbitral tribunal awarded the amount claimed and determined that a non-signatory guarantor company was bound by the arbitration agreement. In the set-aside proceedings, the Finnish Supreme Court upheld the tribunal’s decision and dismissed the claim.